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01-05-2009, 06:27 AM
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#1 |
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IB Forex Quantity
Hi...
In FX trades with IB, they have set minimum amounts in the respective currencies. However, NT's quantities are set to 1 unit. Does this equate to their minimums? Eg, does quantity of '1' equal to Aud35,000? I hope I'm not being confusing. Thank you. |
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01-05-2009, 06:59 AM
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#2 |
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NinjaTrader Customer Service
Join Date: Aug 2007
Location: Breda, Netherlands
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Hello niterider,
Order quantities will reflect the lot size convention that your brokerage trades in. For example, if your brokerage has a lot size of 1 that equals 100,000 units of the base currency, then use a value of 1 to trade 100,000 base units.
Jason
NinjaTrader Customer Service |
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01-05-2009, 08:15 AM
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#3 |
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Thank you NT Jason.
I'll have more confidence sending in fx orders thru NT now. Cheers. |
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01-05-2009, 03:32 PM
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#4 |
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AFAIK we need to use the lot size, eg: 0.1M for 100,000 lot size for IB, or is there a setting we need to use in TWS?
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01-06-2009, 11:07 AM
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#5 |
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NinjaTrader Customer Service
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Hi asalada,
Correct. My statement was referring to automated FX strategies.
Jason
NinjaTrader Customer Service |
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01-09-2009, 05:19 PM
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#6 |
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Join Date: Apr 2008
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FX quantities
Another thing I have noticed when trading FX via NT connected to IB is that if I modify a limit order from say a quantity of 0.2M to a quantity of 0.3M via the NT chart (on $EURUSD) I will get a warning from IB that their mins are not being met. When I look in IB TraderWorkstation it appears that NT left the original 0.2M limit order as is, and then created a new 0.1M limit order for the same price (which is why TWS is warning me).
Is this the desired behaviour? I have never noticed NT behaving this way when trading Futures with IB (if I remember right) but have seen this with trading FX. I am using the NT recommended version of TWS 887 and have NT set to use HalfPips for currencies. Currently using NT Version 6.5.1000.7. Thanks in advance. |
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01-10-2009, 05:09 AM
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#7 |
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NinjaTrader Customer Service
Join Date: Aug 2007
Location: Breda, Netherlands
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This is as expected. Please see the link below for more information.
http://www.ninjatrader-support.com/H...imization.html
Jason
NinjaTrader Customer Service |
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01-10-2009, 05:58 AM
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#8 |
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Thanks for the response/link. I will double check this with trading ES futures on Globex next week.
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01-14-2009, 11:16 AM
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#9 |
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Member
Join Date: Apr 2008
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Works as advertised
Works with futures in Globex just as you described in the FIFO link. Thanks again for the assistance and pointing me in the right direction.
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